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DIGITAL PAYMENT MATTERS
Payments for digital rights to past work are becoming ever more important to writers, whatever field they are working in, writes Gary Dalkin.
For instance, last year Spotify began including 15 free hours of audiobook listening in paid subscriber’s accounts, which effectively amounts to a free average-length book a month. Since then the platform announced that its revenue grew by 80% from 2021 to 2022, and that it has paid ‘tens of millions’ in both pounds and dollars in audiobook royalties. Spotify said this figure is expected to ‘continue growing’ and that payments are made, ‘based on which titles are listened to and how long they are listened to’. Despite this growth, the audio streaming giant has announced plans to make 17% of its staff redundant, while Amazon has more recently said that its audiobook company, Audible is reducing staff by 5%.